Makita (MKTAY) Upgraded at Zacks Investment Research

Makita (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $52.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.66% from the company’s previous close.

According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “

Shares of Makita (OTCMKTS MKTAY) opened at $45.35 on Thursday. The stock has a market capitalization of $13,026.39, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.09 and a beta of 0.31. Makita has a 12-month low of $30.22 and a 12-month high of $49.61.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. analysts anticipate that Makita will post 1.9 earnings per share for the current fiscal year.

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Makita Company Profile

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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